The Evans & Rosedale development in the Historic Southside, a corner its developer says others tried for decades to bring back, now has a groundbreaking date.
The City of Fort Worth says a public groundbreaking and block party will run from 11 a.m. to 4 p.m. Saturday, Dec. 12, opening with speakers and a shovel ceremony, then lunch and family activities. Developer Royal Capital, city leaders and the Historic Southside Neighborhood Association are scheduled to speak. The city asks people to RSVP through the project's webpage.
Royal Capital, a Milwaukee-based developer chosen for the site in 2023, closed on the properties in mid-October, and preliminary site grading is expected to begin in early November, according to the city.
What is planned
Under the plan the city described, the mixed-use project will include:
- At least 180 affordable homes, a mix of senior units, family units, stacked flats and live-work units
- About 15,700 square feet of commercial space for two restaurants, a fitness center, a business center and a coffee shop, with at least 3,000 square feet set aside for a grocery concept
- At least 283 parking spaces in surface lots, a garage and on the street
- Parks and shared green space
Royal Capital is committing $61 million, $48 million of it for hard construction costs. The city is providing $8.5 million in grants and forgivable loans, including up to $7 million for public infrastructure through the Southside tax increment financing district, known as TIF 4.
The Fort Worth Housing Finance Corporation is a general partner in the project, and it and the Fort Worth Local Development Corporation contributed land.
